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Coretronic Corporation (5371) Fair Value & Analysis

Technology · TW · Market cap 35.8B TWD

CC Coretronic Corporation 5371 · TWO
Price83.00 TWD
Fair Value17.81 TWD
Upside-78.5%
Quality42/100
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Weak Growth
Thin margins · 0.6% net margin
Low debt · negative free cash flow
Trails peers (2/14)
Narrow moat 20/100
Evidence: Medium Range 12.13 TWD – 26.16 TWD Share as image

Fair value as of: Jul 21, 2026

From 10 valuation models · updated 19 days ago

Share price −15.1% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (26.16 TWD). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (12.13 TWD to 26.16 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

130.03 TWD 35.16 TWD Fair Value 17.81 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 35.16 TWD – 130.03 TWD · fair‑value band 12.13 TWD – 26.16 TWD · the 83.00 TWD price screens above the 17.81 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Coretronic Corporation (5371) currently trades at 83.00 TWD, while our model-based Fair Value estimate is 17.81 TWD, implying the stock looks roughly 78.5% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Coretronic Corporation generated revenue of 40.5B TWD at a net margin of 0.6%. Revenue grew 10.5% year over year. It earns a return on equity of 0.8%. Net debt stands at 8.6B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 12.13 TWD (bear case) to 26.16 TWD (bull case); at 83.00 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 62% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -16% fair-value upside, at -79%, 5371 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 43.84 TWD 41.84 TWD 32.06 TWD 76
Gordon GGM 13.77 TWD 15.08 TWD 17.06 TWD 70
Growth-Adj P/E 11.06 TWD 15.81 TWD 20.55 TWD 68
All 10 models by family
Earnings-Based
Graham-Dodd 6.47 TWD 7.91 TWD 8.89 TWD 54
Dividend Discount
Gordon GGM 13.77 TWD 15.08 TWD 17.06 TWD 70
DDM Multi-Stage 13.77 TWD 17.28 TWD 22.20 TWD 61
Multiples
P/E Multiple 15.70 TWD 20.93 TWD 26.16 TWD 63
P/S Multiple 12.13 TWD 16.17 TWD 20.21 TWD 58
P/B Multiple 12.13 TWD 16.17 TWD 20.21 TWD 55
EV/EBITDA 52.16 TWD 62.09 TWD 72.01 TWD 54
Asset-Based
NCAV (Graham) 31.36 TWD 42.02 TWD 62.72 TWD 50
Economic Profit
Residual Income 43.84 TWD 41.84 TWD 32.06 TWD 76
Growth Earnings
Growth-Adj P/E 11.06 TWD 15.81 TWD 20.55 TWD 68

Widest divergence: Asset-Based (42.02 TWD) versus Earnings-Based (7.91 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 40.5B TWD
Revenue growth (YoY) +10.5%
Net margin 0.6%
Return on equity 0.8%
Free cash flow −4.3B TWD FY2025
P/E ratio 94.2
More key figures
Operating margin -1.5%
EPS (TTM) 0.9500 TWD
EPS growth (YoY) +3.8%
Net debt 8.6B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 55

Profitability 25
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Coretronic Corporation engages in the research, development, production, manufacture, and marketing of projectors, backlights, and FPD related products in Taiwan, Mainland China, South Korea, the United Kingdom, the United States, Japan, and internationally.

Full company description

Coretronic Corporation engages in the research, development, production, manufacture, and marketing of projectors, backlights, and FPD related products in Taiwan, Mainland China, South Korea, the United Kingdom, the United States, Japan, and internationally. The company operates through three segments: Energy-Saving Products, Image Products and Brand, and Optical Components. The company engages in the research, development, design, manufacturing, and marketing of backlighting, panel modules, medical displays, energy-efficient lighting equipment, projectors, and projection-related applications of optics related components; brand management activities; and production, wholesale, and retail trade of electronic components, batteries, computer and peripheral devices, and electronic materials. It is also involved in the research, development, production, and marketing of optical engines and key components; and intelligent cloud, IT information, intelligent applications of new media, and platform development related to new media. In addition, the company research, develops, designs, produces, and markets intelligent exercise and medical care related software and hardware products, intelligent display products and system integration solution, image processing products, near-infrared spectrum, unmanned aerial vehicle and intelligent robotics, MEMS sensor, modules, augmented and mixed reality wearable display solutions, backlight and LCD modules, LCD TVs, and panel displays; and provides system integration and application service solutions for intelligent logistics and smart manufacturing. The company was formerly known as Optoma Corporation and changed its name to Coretronic Corporation in December 2001. Coretronic Corporation was incorporated in 1992 and is headquartered in Hsinchu City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Coretronic Corporation reported revenue of 39.6B TWD in FY2025 versus 49.8B TWD in FY2021, a compound −5.6%/yr. Reported net income was 372M TWD in FY2025, compounding −34.6%/yr from FY2021.

Growth Quality 15/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
39.6B TWD
Latest YoY
−0.2%
Avg. growth/yr (3Y)
−7.4%
Avg. growth/yr (5Y)
−1.4%
Avg. growth/yr (19Y)
−3.3%
Revenue −5.6%/yr
FY21 49.8B TWD
FY22 49.8B TWD
FY23 39.5B TWD
FY24 39.7B TWD
FY25 39.6B TWD
Net income −34.6%/yr
FY21 2.0B TWD
FY22 2.4B TWD
FY23 1.4B TWD
FY24 820M TWD
FY25 372M TWD

5371 screens 79% overvalued. Compare with Apple Inc →

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Cite: Fair Value Calculator (2026). "Coretronic Corporation Fair Value". https://www.fairvalue-calculator.com/stock/5371

Peer Group

Consumer Electronics · 129 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Below median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -2% · Below median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/E (TTM) 94.2× · Pricier than 75% of peers
P/B 1.46× · Pricier than median
P/S (TTM) 0.88× · Pricier than median
EV/EBITDA 23.0× · Pricier than 75% of peers
PEG 1.57× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 8
FUTURE 53 · sector 13
PAST 3 · sector 10
HEALTH 100 · sector 97
DIVIDEND 0 · sector 29

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $122.91 -61%
Samsung Electronics Co 005930 255,000 KRW 138,019 KRW -46%
Sony Group SONYN 366.00 MXN 468.94 MXN +28%
Xiaomi Corporation 1810 HK$26.88 HK$39.84 +48%
LG Electronics Inc 066570 179,000 KRW 101,531 KRW -43%
Sharetronic Data Technology Co 300857 ¥277.96 ¥35.89 -87%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
Goertek Inc 002241 ¥22.25 ¥18.86 -15%
LG Corp 003550 102,400 KRW 93,881 KRW -8%
Anker Innovations Limited 300866 ¥105.92 ¥78.52 -26%

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Frequently asked questions

Is Coretronic Corporation (5371) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 17.81 TWD versus a price of 83.00 TWD, about −79% (overvalued).
What is the fair value of 5371?
Our model-based fair value for Coretronic Corporation is 17.81 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 83.00 TWD.
What is the quality score of 5371?
Coretronic Corporation has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Coretronic Corporation (5371)?
Coretronic Corporation reported trailing-twelve-month revenue of about 40.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 5371?
The net profit margin of Coretronic Corporation is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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